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this post was submitted on 11 Sep 2024
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I'm glad that corporations are actually receiving fines that are commensurate with their earnings and scale. Hopefully it's enough to get them to not do this shit.
This is still a footnote on their quarterly reports. These are multi trillion companies.
You say that like I'm unaware - maybe I should needlessly remind you that most of these fines are generally in the millions of dollars. A step in the right direction is not a bad thing.
Regardless, I'm not sure shareholders will think of it that way if the anti-trust practices continue and the fines accrue. The EU likes to be punitive when their orders are ignored.